HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group (“HashKey”), a number one end-to-end digital asset monetary providers group in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from Dubai Virtual Assets Regulatory Authority (VARA). The license was granted to HashKey MENA FZE, the working entity of HashKey Global MENA, marking the official launch of the corporate in the United Arab Emirates (UAE). With this license, HashKey Global MENA is permitted to supply each Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services inside, and originating from, the Emirate of Dubai.
Securing the VASP license represents a major milestone in HashKey’s market growth technique into the area. As the UAE continues to determine itself because the premier hub for digital belongings in the Middle East, HashKey Global MENA will cater to shoppers and enterprises searching for trusted, compliant entry to digital asset providers.
To meet the rising institutional wants, the corporate will introduce a collection of services and products distinguished by a number of finest in class options:
- USD and AED Deposits & Withdrawals: Offers fiat on and off-ramp, permitting customers to straight switch USD from their checking account to HashKey Global MENA’s fiat pockets. As a strategic accomplice, Standard Chartered offers fiat forex deposit and withdrawal providers for the platform. Powered by the financial institution’s industry-leading (on & off)-ramp resolution, the platform affords customers a dependable, and extremely environment friendly fiat deposit and withdrawal expertise.
- OTC Services: HashKey Global MENA OTC delivers regulated block buying and selling with aggressive all-inclusive pricing, guaranteeing clear quotes and nil hidden charges for market-leading charges. Large orders profit from instantaneous execution, eliminating slippage dangers, whereas versatile settlement choices cater to institutional and HNWI liquidity wants.
- Major Top 10 Tokens Available For OTC: Access top-tier cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETH), alongside stablecoins (USDT, USDC), accessible by OTC providers by on and off ramps utilizing USD and AED. BTC and ETH stay probably the most sought-after tokens, providing trusted liquidity and alignment with institutional demand. All belongings are custodied on a VARA-licensed platform with institutional-grade safeguards.
“As a licensed platform, HashKey Global MENA embraces institutional needs by offering a regulated gateway for fiat-crypto transactions, backed by institutional-grade safeguards and strategic partnerships like Standard Chartered. Our regional expansion ambitions, with a strategic focus on the GCC, are rooted in empowering MENA’s institutions and HNWIs with seamless, cost-efficient access to global crypto markets, reinforcing the UAE’s position as a hub for blockchain innovation while prioritizing compliance and client protection at every step,” stated Sherif Sanad, Country Manager, HashKey Global MENA.
The UAE has firmly established itself because the third-largest crypto financial system in the MENA area. To meet the wants of this quickly increasing market, HashKey Global MENA will ship not simply digital asset buying and selling providers, however will proceed to evolve and develop progressive digital asset merchandise, designed and delivered inside VARA’s strong regulatory and compliance framework.
“At HashKey, we believe innovation in crypto shouldn’t come at the cost of compliance. In fact, the industry’s future depends on building boldly—while staying within clear, trusted regulatory frameworks. That’s why we’re committed to working closely with regulators around the world to deliver reliable digital asset products and services on a global scale,” stated Sherif Sanad, Country Manager, HashKey Global MENA.
HashKey Group already holds digital asset-related licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, in addition to VASP registration in Ireland. As half of its ongoing dedication to constructing a world-class regulatory footprint, the corporate can also be actively pursuing a Markets in Crypto-Assets (MiCA) license in the European Union. The HashKey Global MENA change will likely be dwell ranging from May nineteenth.
About HashKey Global MENA
HashKey Global MENA is the change enterprise beneath HashKey Group, providing licensed crypto asset buying and selling providers to customers worldwide. HashKey MENA FZE (VL/18/03/002), the working entity of HashKey Global MENA, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Certain providers, options, and campaigns will not be accessible in your jurisdiction.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
Logo – https://mma.prnewswire.com/media/2598630/5312377/HashKey_Group_Logo.jpg
View authentic content material:https://www.prnewswire.co.uk/news-releases/hashkey-group-announces-launch-of-hashkey-global-mena-with-vasp-license-in-uae-302452212.html
Featured Image: depositphotos @ adriantoday
Disclaimer